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Algorand was funded through an Initial Coin Offering (ICO) in June 2019, at a price of $2.4 per coin. Its value appreciated quickly by almost 50% within a few days of launch, with the coin reaching its all-time high of $3.56 on June 20, 2019. ALGO’s fully diluted valuation crossed $35 billion that day. Its value dropped gradually thereafter, dipping to $0.16 by late September, and closing the year at around $0.2, according to our ALGO live price chart. Algorand crypto Algorand’s focus on creating a secure and scalable blockchain makes it one of the most promising cryptocurrencies available in 2022. How the ALGO crypto coin performs in the next few years will determine whether the platform lives up to its promise.
CoinArbitrageBot experts believe that Algorand is a promising cryptocurrency that may show new peaks. In the long term, ALGO may turn out to be a good investment. In 2022, the ALGO price might be $1.26. A message from Algorand Notably, the Algorand core developers have provided a comprehensive Web3 development tool dubbed Algokit to enable seamless integration with the mainnet. However, the Algorand network team has remained active in upgrading the chain in a bid to attract more DeFi developers.